Tuesday 1 May 2012

International Price of Crude Oil - Indian Basket Increases on 13.4.2012 to US$ 119.06/BBL

16-April-2012,The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased on to 13.4.2012 to US$ 119.06 per barrel (bbl). The comparative price published on last Friday (13.04.2012) representing price of 12.04.2012 was US$ 118.65/bbl.

In rupee terms also, the crude oil price went up to Rs 6122.07 on 13.4.2012 against Rs 6103.36 per bbl on 12.04.2012. This was due to increase in crude oil price in dollar terms, though rupee-dollar exchange rate remained almost same will slight appreciation on 13.4.2012 at Rs 51.42/US$ against Rs 51.44/US$ on 12.04.2012
The table below gives details in this regard

Price on 13 April, 2012 (previous trading day i.e. 12.4.2012)
Last Fortnight
March 16-31, 2012
(previous fortnight )
Crude Oil (Indian Basket)
   119.06      (118.65)                                                                                                                                                                                                                                                                                              
    123.19  (124.03)           
 6122.07    (6103.36)                                                                                                                                                                                                                                                              
  6253.12 (6186.62)    
Exchange Rate
     51.42        (51.44)                                                                                                                                                                                                                                                              
      50.76    (49.88)                   
RCJ/RKS –Daily Crude oil price- 16.04.2012

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